Actuarial Function Senior Officer at GA Insurance

The incumbent shall be responsible for evaluation of, and the provision of advice to GA Insurance Ltd concerning:

The technical provisions;

• Premium and pricing;
• Scenario and sensitivity testing; and
• Compliance with the statutory obligations of the line business

Actuarial Function Senior Officer Job Responsibilities

The incumbent shall be responsible for evaluation and advising on the following:

• Valuation of liabilities and technical provisions.
• Solvency position, including calculation of minimum capital required for regulatory purposes and liability and loss provisions;
• Prospective solvency position and distribution of benefits;
• Reinsurance arrangements;
• Actuarial and financial risks;
• Risk assessment and management policies and controls relevant to actuarial matters or financial condition;
• Product development and design, including the terms and conditions of insurance contracts;
• Sufficiency and quality of data used in the calculation of technical provisions;
• Investment policies and the valuation of assets;
• Underwriting policies, risk modeling and use of internal models.

Qualifications for the Actuarial Function Senior Officer Job

• Graduate with a degree in Actuarial Science/ Statistics
• Professional actuarial exams (minimum 12/15 exams)

Functional Skills

• Analytical Skills
• Exploitation and application of Information Technology
• Actuarial modelling
• Risk Management
• Visionary Leadership
• Market Awareness
• Customer Focus
• Continuous Innovation
• Ownership & Commitment
• Team Spirit